Heliostar Presents Third Quarter 2025 Financial Results

Core Insights - Heliostar Metals Ltd. reported strong operational and financial results for Q3 2025, highlighting increased gold production and a solid cash position, which supports ongoing development projects and minimizes equity dilution [2][3][9]. Financial Performance - Total gold production reached 9,165 gold equivalent ounces (GEOs) in Q3 2025, with year-to-date production on track to meet the lower half of the annual guidance of 31,000-41,000 GEOs [5][20]. - The company reported operating income of $14.2 million and net income of $1.3 million for the quarter, despite increased exploration expenses [9][11]. - Cash costs were $1,500 per GEO sold, while all-in sustaining costs (AISC) were $1,825 per GEO sold, both below the 2025 guidance range due to higher production [6][7][21]. Operational Highlights - The La Colorada mine produced 5,479 GEOs in Q3 2025, contributing significantly to the overall production, while the San Agustin mine added 3,686 GEOs [22][27]. - The company is preparing to restart mining at San Agustin, with first ore expected to be stacked in December 2025, and recoverable reserves at the Corner area estimated at 44.5k ounces of gold [14][30]. - Ongoing drilling at the Ana Paula project has shown promising results, with a Preliminary Economic Study (PEA) indicating potential production of 101,000 ounces per year at an AISC of $1,011/oz [15][33]. Strategic Initiatives - Heliostar is focused on becoming a mid-tier gold producer, with plans to increase production to 500,000 ounces per year by the end of the decade [3][41]. - The company is advancing technical studies for the Cerro del Gallo project and has released updated reports for the La Colorada mine, indicating increased resources and lower capital expenditures [16][34][26]. Liquidity and Capital Structure - As of September 30, 2025, Heliostar had a cash balance of $34.6 million and working capital of $46.7 million, with no debt [12][9]. - The company raised $1.5 million through the exercise of warrants and stock options during the quarter, further strengthening its financial position [35].